There are many factors that affect the selection of which virtual data room will satisfy the requirements of any given business. The size of the storage, the amount and duration of users are all crucial elements. Cost is another aspect to take into consideration. Many VDR providers offer a range of packages that cater to different types of businesses and projects. Some are more expensive than others, however this doesn’t mean they’re of lesser quality.
Some vendors have an pricing structure that is based on the amount of GB that a project is using. This is perfect for small teams and can save companies money on storage costs for data. Some companies have a monthly cost that allows unlimited users and unlimited pages of documents. A good example is FirmRoom which costs $400 per month and is charged annually and provides a 10 GB data storage capacity.
Some vendors use pricing per page, which can be quite expensive. While this is an traditional approach to VDR pricing, it could be a great fit for smaller projects where the company is aware that there will be a certain amount of documents that need to be stored. This model can range from $0.40 to $0.90 per page and may require a user’s license to be used.
The price of an online data room may be a major factor particularly for small-scale businesses with limited resources. There are a myriad of options for entrepreneurs looking to cut down on the price of a virtual room and still provide a secure and intuitive platform for their business transactions.